Torc Housing Partnership, a consortium comprising Kajima Partnerships, Equitix, Obrascón Huarte Lain and Tuath Housing Association, has been awarded the contract by the National Development Finance Agency (part of the National Treasury Management Agency) for the delivery of the Social Housing Bundle 2 Public Private Partnership.
The Project comprises the design, build, finance, operation and maintenance of Social Housing developments across eight sites for a 25-year contract term with construction expected to take between 14 and 18 months. The construction of the 465 units will begin immediately across the eight sites in Cork, Clare, Galway, Kildare, Roscommon and Waterford. County Cork is leading the way, with 152 of the 465 new social housing projects being distributed to three locations across the county.
A joint venture comprising of Irish Contractor JJ Rhatigan and Spanish OHL will design and construct the properties based on previously obtained outline planning. Derwent FM (part of Places for People) will provide facility management services and Tuath Housing, an Irish Housing Association, will provide tenancy management for the duration of the concession. SPV management will be provided by EMS.
The contract brings the number of social housing units under construction across Ireland through PPP to 999 across 10 local authorities.
PPPs are part of the plan to accelerate the supply of social housing, which is the second pillar of the Rebuilding Ireland Action Plan for Housing & Homelessness. These Social Housing PPPs will deliver up to 1,500 social housing units across three bundles of sites.
Kajima already maintains a strong presence in Northern Ireland, where we are delivering several development and investment projects, but this is the company’s first in the Republic. We continue to seek out new opportunities across Ireland with a focus on integrated primary and social care units and higher education facilities.